A New Starting Point for Mass Adoption of Web3? Analyzing the New Public Chain XION

Although the Web3 industry has enormous potential, it still faces challenges in user adoption. Currently, the mainstream world encounters obstacles to the adoption of Web3 mainly in terms of functionality and culture. The emerging L1 public chain XION was born to address these two major issues. This article will delve into XION's vision and how it aids Web3 in achieving mass adoption.

XION: A Layer 1 network focused on simplifying the complexities of cryptocurrency

The developer of XION, Burnt, has a unique experience in the Web3 space. They initially explored this emerging field by converting Banksy's physical artworks into NFTs, and then dedicated themselves to developing no-code products and early NFT standards for creators. Throughout this process, Burnt realized that the complexity of NFTs and the entire Web3 industry made it difficult to achieve mass adoption.

Based on this understanding, Burnt has built XION on Cosmos, an L1 blockchain aimed at simplifying the complexities of cryptocurrency. XION's goal is to drive the widespread adoption of Web3 by providing a frictionless user experience while retaining the core characteristics of Web3, such as decentralization, transparency, and verifiable ownership.

XION focuses on optimizing user experience, improving accessibility and scalability, aiming to create a supportive ecosystem for developers and users to fully leverage the potential of blockchain technology. Additionally, thanks to Cosmos's inter-block communication ( IBC ) protocol, XION can quickly integrate with other application chains and their related applications, providing users with richer features and creating new application scenarios for developers on XION.

Major Obstacles Facing Web3 and XION's Solutions

Barrier 1: Complex and unfriendly functionality

For new users, using Web3 applications for the first time may require completing up to 15 complex steps, leading to a user attrition rate as high as 95%. As new L1 blockchains continue to emerge, this issue may further worsen.

XION's solution:

1. Simplified Entry Process: Users can directly purchase on-chain products using credit/debit cards without going through the complex CEX to on-chain transfer process.

2. Cancel Gas Fees: XION has achieved gasless transactions, eliminating the barrier for users to hold native tokens of a specific chain to trade.

3. Abstract Wallet Complexity: Users can create an MPC wallet using only their email, without the need to download plugins or remember complex mnemonic phrases.

4. Support for Mobile Devices: XION ensures good support for mobile devices, allowing users to securely access the XION ecosystem anytime and anywhere.

5. Pricing in USDC: All products built on XION will be priced in USDC, allowing new users to understand prices in a familiar fiat currency.

Barrier Two: Cultural and Terminological Barriers

The Web3 world is filled with unfamiliar terminology and complex ecosystems, which pose a significant challenge for new users. Additionally, the mainstream society's negative perception of cryptocurrencies has hindered the widespread adoption of Web3.

XION's solution:

1. Simplifying Terminology: XION is dedicated to simplifying or completely abstracting complex technical terms to make them easier to understand.

2. Increase Credibility: XION establishes strategic partnerships with well-known companies in the Web2 and Web3 fields to enhance user trust.

3. Reduce User Education Requirements: By optimizing the infrastructure, XION significantly lowers the complexity of user interactions, reducing the need for traditional user education.

Conclusion

To achieve mass adoption of Web3, it is necessary not only to build robust infrastructure but also to optimize user interaction experience. XION is paving the way for this, not only advancing technological progress but also laying the groundwork for the cultural transformation of Web3. By simplifying complexity, enhancing accessibility, and improving user experience, XION is expected to become a key force in driving widespread adoption of Web3.